Joel Spenadel
BankerTrackManaging Director, Renewable Energy Tax Equity at J.P. Morgan
43
Deals Attributed
$160.23B
Deal Value
161.4
GW Capacity
1
Positions Held
Career Timeline
Attributed Deals(43 deals)
Deals attributed based on Joel Spenadel's role at the firm during the transaction.
2026(11 deals)
Jan 2026FinancierSunrise Wind — 924 MW offshore wind, 84 turbines off New York + DKK 60B rights issueFinancingOffshore Wind$6.30B924 MW
Jan 2026AdvisorCordelio Power — 1,550 MW operating and in-construction wind, solar, and storage portfolio + development pipelineM&ASolar + Storage1,550 MW
Jan 2026AdvisorCalpine Corporation — 27 GW natural gas + geothermal fleet, creating 55 GW combined companyM&AGeothermal$26.60B27,000 MW
Jan 2026Lender/ArrangerThree projects totaling ~670 MW: Emerson Creek Wind (269 MW, OH), Coles Wind (300 MW, IL), Raven Storage (100 MW BESS, TX)FinancingSolar + Storage$2.79B670 MW
Mar 2026AdvisorAES Corporation — diversified global power company with ~35 GW of generation across US and international marketsM&ASolar + Storage$33.40B35,000 MW
Mar 2026Lender/ArrangerVineyard Wind 1 — 800 MW offshore wind, offshore Massachusetts (62 turbines)FinancingOffshore Wind800 MW
Mar 2026FinancierWheatland Solar — 210 MWdc / 150 MWac utility-scale solar, Knox County, IndianaFinancingSolar150 MW
Mar 2026FinancierCape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, UtahFinancingGeothermal$421M500 MW
Apr 2026FinancierFervo Energy IPO (Nasdaq: FRVO) — enhanced geothermal systems pure-play; flagship 500 MW Cape Station EGS project in Beaver County, Utah; 3.65 GW disclosed pipeline (under construction / ready to build / advanced development)FinancingGeothermal500 MW
May 2026AdvisorArcadia acquires ENGIE Impact — utility expense & data management, energy procurement, and sustainability advisory business; Washington, DC-based Arcadia carves the unit out of ENGIE to build an AI-powered energy management platformM&AOther
May 2026FinancierFervo Energy IPO — 70,000,000 Class A shares at $27.00 (upsized from 55.6M); next-generation enhanced geothermal systems (EGS); proceeds fund the Cape Station project, Beaver County, Utah; Nasdaq: FRVOFinancingGeothermal$1.89B
2025(10 deals)
Jan 2025AdvisorOrigis Energy — $1B+ strategic investment in US solar and storage developer with 1 GW operating, 3 GW construction-ready, 25 GW pipelineM&ASolar + Storage$1.00B4,000 MW
Apr 2025FinancierColes Wind — 300 MW wind farm, Coles County, Illinois (PJM/MISO)FinancingWind$680M300 MW
May 2025AdvisorLS Power generation portfolio — 13 GW natural gas across 18 facilities in 9 states, plus CPower 6 GW VPP platformM&AOther$12.00B13,000 MW
May 2025AdvisorTXNM Energy — regulated utility serving 800,000+ customers in Texas and New Mexico (PNM and TNMP subsidiaries)M&ASolar + Storage$11.50B3,000 MW
May 2025Lender/ArrangerWheatland Solar (210 MW, Knox County, IN) + Optimist Solar+Storage (Clay County, MS)FinancingSolar + Storage$530M210 MW
Jul 2025Lender/Arranger$600M credit facility (expandable to $850M) — $350M revolving loan/LC + $250M project LC facility supporting 4.7 GW operating + 1.5 GW construction solar and storageFinancingSolar + Storage$600M6,200 MW
Aug 2025AdvisorAES Corporation — global integrated utility (~36 GW, including significant US generation) with 11.8 GW of contracted capacity to hyperscalers (Microsoft, Google, Amazon)M&ASolar + Storage$33.40B36,000 MW
Nov 2025AdvisorXe-100 high-temperature gas-cooled SMR fleet (80 MW per module) — 144 modules ordered to date (~11.5 GW)FinancingNuclear$700M11,500 MW
Dec 2025BuyerCentennial FlatsTaxCreditHybrid$595M767.1 MW
Jan 2025AdvisorAlgonquin renewables platform — ~1.4 GW operating + in-construction wind and solar (excluding hydro)M&ASolar + Storage$2.10B1,400 MW
2024(22 deals)
Jan 2024FinancierOrion Solar Belt — 1.3 GW portfolio of 4 utility-scale solar projects (Orion I, Eiffel, Orion II, Orion III), Milam County, TX — 875 MWdc using 1.3M American-made First Solar modulesFinancingSolar$2.40B1,300 MW
Jan 2024FinancierEscalante Solar (200 MWac, NM) + Golden Triangle II (150 MWac + 50 MW / 200 MWh BESS, MS)FinancingSolar + Storage$317M350 MW
Feb 2024AdvisorHarquahala Generating Station (1,092 MW, AZ) + La Paloma Generating Station (1,062 MW, CA) — natural gas fleetM&ANatural Gas$1.10B2,154 MW
Feb 2024FinancierScatter Wash Energy Storage — 255 MW / 1,020 MWh standalone BESS, Maricopa County, ArizonaFinancingBESS$559M255 MW
Apr 2024Lender/ArrangerRWE's first US green bonds — two tranches of $1B each (10-year and 30-year maturities) to fund US renewable energy projects across 146 solar, onshore wind, and battery storage sitesFinancingSolar + Storage$2.00B
Feb 2024FinancierPortfolio of 6 recently commissioned renewable projects — 950 MW solar + 353 MW wind (1.3 GW total) across ERCOT, MISO, and SPPFinancingSolar + Storage$1.00B1,303 MW
May 2024AdvisorTexas natural gas portfolio — 1,710 MW: Barney Davis (897 MW), Nueces Bay (635 MW), Laredo (178 MW)M&ANatural Gas$785M1,710 MW
May 2024AdvisorALLETE Inc. — regulated utility with renewable, hydro, and transmission assets across Upper Midwest (Minnesota Power)M&ASolar + Storage$6.20B3,000 MW
May 2024AdvisorAtlantica Sustainable Infrastructure — 2.2 GW renewables + 343 MW efficient gas + transmission/water assets across US, Canada, Mexico, Spain, UK, Algeria, South Africa, Uruguay, Chile, PeruM&ASolar + Storage$2.56B2,543 MW
Jun 2024Lender/ArrangerEland 2 Solar+Storage (374 MW solar + 150 MW BESS, California)FinancingSolar + Storage$679M524 MW
Jun 2024Lender/ArrangerSunrun residential solar + battery system leases/PPAs — record-setting senior securitizationFinancingSolar + Storage$886M
Aug 2024AdvisorAlgonquin Power renewable energy business — 3,000+ MW operating (44 assets) + 8 GW development pipelineM&ASolar + Storage$2.50B3,000 MW
May 2024FinancierØrsted solar + storage portfolio (Texas and Arizona)FinancingSolar + Storage$680M
Sep 2024Lender/ArrangerSunrun 2024-3 — $365M senior securitization of residential solar & battery systems backed by 21,281 systems across 19 states + Puerto RicoFinancingSolar$365M
Oct 2024FinancierBox Canyon Solar — 300 MW utility-scale solar, ArizonaFinancingSolar$260M300 MW
Nov 2024Lender/ArrangerGenerate Capital sustainable infrastructure platform — solar, BESS, EV charging, biogas, microgrid pipelineFinancingSolar + Storage$1.20B
Dec 2024FinancierProsperity Wind — 300 MW wind farm, Piatt County, Illinois (PJM)FinancingWind300 MW
May 2024FinancierEleven Mile Solar CenterFinancingHybrid$680M600 MW
May 2024BuyerSparta SolarTaxCreditSolar$680M250 MW
Jan 2024BuyerEscalante (NM)TaxCreditSolar$317M200 MW
Sep 2024FinancierScatter Wash 2FinancingBESS$559M85 MW
Mar 2024BuyerGoleta Energy StorageTaxCreditBESS60 MW
How deal attribution works: Deals are attributed to individuals based on their role at a firm during the transaction period. C-suite executives and senior partners/MDs are attributed deals where their firm was involved as a principal, counsel, advisor, or lender. This is an inference — not all attributed individuals necessarily worked directly on every deal.